That's the end of regulation stocks closing sharply lower and tech tumbling.

As NVIDIA and AMD warn about high charges over export restrictions,

and as Fed Chair Powell flags the stagflationary effects of tariffs,

you could call this a Powell plunge this afternoon.

But we did close off the worst levels of the day.

That is the scorecard on Wall Street.

The action is just getting started, though.

Welcome to closing bell overtime. I'm Morgan Brennan. John Ford is off today.

Well, coming up this hour, JPMorgan, Chair of Global Research, Joyce Chang, gives her first reaction to this afternoon's commentary from Fed Chair Powell and how she's thinking about the market

and the economy at large. Plus Candre Fitzgerald's Eric

Johnston will be with us to lay out the bare case for equities right now and where he's putting

money to work instead. And we will talk to Alcoa's CEO with his first comments on earnings

results which crossed this hour and the impact of tariffs on the aluminum

industry. That's going to be a can't miss interview. But let's get straight to this market

selloff. Joining me now is Kevin Monhenyen and Walsh, Asset Management CIO and CNBC's Bob Pisani. Kevin,

I'm going to kick this off with you because we have all the major

averages lower again, NASDAQ, leading to the downside, thanks to tech. But really it was those

comments from Fed Chair Powell that tilted perhaps a little more hawkish than the market would

have liked that really sent us a leg lower. Were you surprised by those comments? I don't think he

said anything remarkably different.

And they say that April showers bring May flowers. Well, let's hope that all this April volatility

leads to some May investment opportunities. And I think it very well might. Look, the Federal Reserve

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